This compilation of financial-related insights includes videos from Lynette Zang, Stansberry Research, Steven Van Metre, George Gammon, and Liberty and Finance.
Lynette Zang begins with a Q&A on BRICS and CBDCs with nations resetting their currencies against gold. David Daglio joins Stansberry Research to discuss why the Fed is radioactive. Steven Van Metre talks about what will send the economy spiraling into a deep recession. George Gammon talks about why the Fed is making a recession worse. Alasdair Macleod joins Liberty and Finance to discuss a possible rapid decline for the US Dollar amid the emergency of a new BRICS currency.
ITM TRADING, INC.
Streamed live Jul 12, 2023
VIEWER QUESTIONS:
Question 1: 0:41
Could BRICS Nations reset their currencies against gold?
Question 2: 1:44
Is the dollar on it’s way to being replaced as the world reserve currency, and/or is BRICS making waves for de-dollarization?
Question 3: 4:23
What do you see as most likely to be the new world currency?
Question 4: 6:27
Do you think what’s happening with BRICS is moving those countries closer to CBDC’s?
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Question 5: 7:38
Could BRICS countries use a currency reset to transition people into CBDC’s?
Stansberry Research
Jul 12, 2023
“The reserve dominance the U.S. had is slowly slipping,” says David Daglio, CEO of asset-management firm BC-GUMPS, when discussing the de-dollarization trend. He also criticizes the Federal Reserve for not independently tackling today’s out-of-control inflation and instead just casually monitoring it like a “weatherman.” He predicts that in six months, the Fed is going to be “cutting rates” to bring down inflation. “The bond market has already spoken. We are going to see the sharpest cut in rates of all time,” he adds. Daglio says that the biggest problem for banks throughout this banking crisis is the fractional reserve model, which is a “systematic problem” that results in banks lending out more than they actually have because not all people need their money at one time. He concludes by sharing his investment philosophy and how folks should navigate through this uncertain market moving forward.
Steven Van Metre
Jul 12, 2023
This Will Send the Economy Spiraling into a Deep Recession (And How the Fed Will Make it Worse)
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George Gammon
Jul 12, 2023
Why The Fed Is Making A Recession Worse…On Purpose!!
Liberty and Finance
Premiered Jul 12, 2023
Dozens of countries are looking to join BRICS. And at the August summit, BRICS will be announcing their gold-backed currency. Former bank director Alasdair MacLeod says this is not trivial. Potentially more than half the world’s population will be doing away with the US Dollar. He expects this announcement will accelerate the decline in the value of fiat currencies worldwide.
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